EXPAND ENERGY Corp
For the period ended Mar 31, 2026. Filed Apr 28, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed Apr 28, 2026
EXE$87.94+2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| ($ in millions) | 2026 | 2025 |
| Cash flows from operating activities: | ||
| Net income (loss) | $1,159 | $(249) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation, depletion and amortization | 711 | 711 |
| Deferred income tax expense (benefit) | 319 | (37) |
| Derivative losses, net | 129 | 1,014 |
| Cash payments on derivative settlements, net | (386) | (45) |
| Share-based compensation | 10 | 9 |
| Losses on sales of assets | 1 | — |
| Contract amortization | (30) | (52) |
| Other | 35 | (4) |
| Changes in assets and liabilities | 454 | (251) |
| Net cash provided by operating activities | 2,402 | 1,096 |
| Cash flows from investing activities: | ||
| Capital expenditures | (707) | (563) |
| Property acquisitions | (4) | — |
| Receipts of deferred consideration | 60 | 60 |
| Contributions to investments | (1) | (4) |
| Distributions from investments | 10 | — |
| Proceeds from divestitures of property and equipment | 41 | — |
| Net cash used in investing activities | (601) | (507) |
| Cash flows from financing activities: | ||
| Proceeds from credit facility | — | 725 |
| Payments on credit facility | — | (725) |
| Proceeds from warrant exercise | 15 | 21 |
| Cash paid to repurchase and retire common stock | (66) | — |
| Cash paid to purchase debt | — | (436) |
| Cash paid for common stock dividends | (141) | (142) |
| Net cash used in financing activities | (192) | (557) |
| Net increase in cash, cash equivalents and restricted cash | 1,609 | 32 |
| Cash, cash equivalents and restricted cash, beginning of period | 696 | 395 |
| Cash, cash equivalents and restricted cash, end of period | $2,305 | $427 |
| Cash and cash equivalents | $2,220 | $349 |
| Restricted cash | 85 | 78 |
| Total cash, cash equivalents and restricted cash | $2,305 | $427 |
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